2024-09-21
MicroStrategy successfully raised approximately $1.01 billion through the sale of convertible senior notes.
The company plans to use a portion of these funds to acquire more
Bitcoin, adding to its already substantial holdings.
MicroStrategy acquired 7,420 BTC for $458.2 million at about
$61,750 per bitcoin and has achieved BTC Yield of 5.1% QTD and 17.8% YTD. As of
September 19, 2024, MicroStrategy holds 252,220 BTC acquired for $9.9 billion
at $39,266 per bitcoin.
The latest purchase, MicroStrategy now holds around 252,220 BTC,
valued at nearly $16 billion at current price.
This move continues MicroStrategy’s strategy of using Bitcoin as a
primary treasury asset, a practice they’ve been following since 2020.
